Don’t risk outliving your savings. Learn how to convert a deferred annuity into a stream of guaranteed See note 1 income See note 2.
Video Duration: 1 minute 4 seconds
At USAA, we are passionate about empowering our members to realize a long, happy retirement.
You've already taken great steps towards this since your personal retirement income plan includes a deferred annuity. It has been growing tax deferred over the years at a guaranteed1 interest rate safe from market changes.
Part of your plan should also include having enough guaranteed income when you reach retirement because sometimes social security and pensions aren't enough.
Now that you're a few years closer to retirement, it might be time to consider converting your deferred annuity into a stream of guaranteed income with USAA's competitive payouts2. Your annuity has a built-in feature to make this process easy. Plus, with a lifetime payout option, you can eliminate the risk of outliving your savings.
Our Retirement Income Specialists can help you develop an income plan to make your money last.
Schedule a call or call us now to walk through the best approach for receiving income from your deferred annuity so you can live your best life in retirement.
Description of visual information: [Visit usaa.com to learn more or call 800-531-3392.
1 Guarantees apply to certain insurance and annuity products and are subject to product terms, exclusions and limitations and the insurer's claims-paying ability and financial strength.
2 Money not previously taxed is taxed as income when paid. Withdrawals before age 59½ may be subject to a 10% federal tax penalty.
An annuity is a long-term insurance contract issued by an insurance company designed to provide a retirement income stream for life. Once the contract principal is converted into an income stream, you will no longer have access to your principal as a lump sum. Terms, conditions, limitations and surrender charges may apply
Use of the term "member" or "membership" refers to membership in USAA Membership Services and does not convey any legal or ownership rights in USAA. Restrictions apply and are subject to change.
Life insurance and annuities provided by USAA Life Insurance Company, San Antonio, TX and in New York by USAA Life Insurance Company of New York, Highland Falls, NY. All insurance products are subject to state availability, issue limitations and contractual terms and conditions. Each company has sole financial responsibility for its own products.]End of description.
We know buying an annuity is a big financial step. Read more about the types of annuities we offer and check their rates and benefits to find out if they’re right for you.
Set up a complimentary retirement review with our Retirement Income Specialists. They’ll talk to you about your financial goals and annuity options, and help you create a plan.
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